Signs of rebound as confidence jumps

Germany looks to be on track to shake off its decline at the end of last year, as analyst and investor confidence in Europe's economic engine room jumped to its highest level for nearly three years in February.

The ZEW think-tank's sentiment indicator soared to 48.2 from 31.5 in January, well ahead of forecasts, and shares bounced and German Bunds fell on the news. On Monday the Bundesbank predicted a return to growth in the current quarter.

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